ECB Governing Council member Martins Kazaks indicated that after two rate cuts this year, “this is not the final destination.” Borrowing costs remain “pretty restrictive”, and “these rates will continue to go down,” he added. Kazaks noted that the speed of these rate cuts will largely depend on the path of services inflation and the […]
The post ECB’s Kazaks: Rate cuts not over, could fall to 2.5% by mid-2025 appeared first on Action Forex.
New Zealand’s GDP fell by 0.2% in the June quarter. The result wasn’t as weak as expected, and will ease concerns that the economy might have been taking a turn for the worse. Key results Read more…
50bps delivered and another 50bps seen by year end by the FOMC. At the September meeting, the FOMC decided to cut by 50bps to begin their policy normalisation cycle. The Committee projects another 50bps of Read more…
AUDCAD broke pivotal resistance level 0.9170 Likely to rise to resistance level 0.9260 AUDCAD currency pair recently broke above the pivotal resistance level 0.9170 (which stopped the previous waves (1) and B last month). The Read more…